The problem becomes: 1. Pentax management may have little control when major interests enforce their wishes. 2. Shareholders view it largely as as being about money, not about cameras.
In addition, reports are that Hoya has little need for underperforming units and therefore little need for the managment that has been guiding those underperforming units. As Urano put it, they were 'saving their own necks'. Tom C. >From: "P. J. Alling" <[EMAIL PROTECTED]> >Reply-To: Pentax-Discuss Mail List <[email protected]> >To: Pentax-Discuss Mail List <[email protected]> >Subject: Re: Pentax Update >Date: Mon, 16 Apr 2007 14:57:23 -0400 > >Pentax management seem to be all old Pentax hands. They decided that it >wasn't worth merging with Hoya if the Imaging division was going to be >cut loose, which is what Hoya's CEO intimated was on the table. Pentax >sees itself as a camera company, "otherwise why rename the company after >a camera?) Hoya doesn't seem to be interested in making Pentax cameras >only Pentax endoscopes. > >Jack Davis wrote: > > Why do I feel a Hoya/Pentax merge would strengthen the position of > > both, thus helping to insure their survival? I might, of course, feel > > differently if I knew the minds of their respective management teams > > and shareholders. > > My concern; is it a form of foreplay by Hoya? > > > > Jack > > --- Tom C <[EMAIL PROTECTED]> wrote: > > > > > >> Sparx owns about 30% of Pentax stock and another major investor > >> around 12%. > >> Getting close to 50%. > >> > >> Pentax's future is not just in the hands of it's management team. > >> > >> Excerpts from reports... > >> > >> 1.----------------- > >> > >> Pentax Corp.'s biggest shareholder Monday urged the optical equipment > >> maker > >> to provide a proposal to improve shareholder value after it abruptly > >> scrapped a plan to merge with a bigger rival. > >> > >> "We believe Pentax has an obligation to provide proposals to improve > >> (its) > >> shareholder value" with a sense of urgency, Sparx said in a > >> statement. The > >> comments suggest that Pentax is under pressure to shape up its > >> business and > >> returns for its shareholders. > >> > >> "If Pentax's management decided to abandon (the merger deal) without > >> rational alternatives, the action is extremely grave," Sparx said. > >> > >> 2.------------------- > >> > >> Sparx also said in a statement that a possible takeover bid from > >> Hoya for Pentax ''would be a fair method'' as it will allow Pentax > >> shareholders to decide on the envisioned integration of the two > >> companies. > >> > >> > >> 3.-------------------- > >> > >> Pentax said it will seek a way for broad management > >> integration with Hoya, after scrapping a merger plan with the > >> company earlier in the week, the Asahi newspaper said. > >> > >> > >> Tom C. > >> > >> > >> > >> -- > >> PDML Pentax-Discuss Mail List > >> [email protected] > >> http://pdml.net/mailman/listinfo/pdml_pdml.net > >> > >> > > > > > > __________________________________________________ > > Do You Yahoo!? > > Tired of spam? Yahoo! Mail has the best spam protection around > > http://mail.yahoo.com > > > > > > >-- >Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf >thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. > > >-- >PDML Pentax-Discuss Mail List >[email protected] >http://pdml.net/mailman/listinfo/pdml_pdml.net -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
